Over the past week I'll I've heard a lot of members of Congress say "no one likes the proposed bailout plan, but its the best we could come up with". Well, the best they could come up with failed to get the support of many Republicans in the House of Representatives today, and as a result the Dow lost 777 points.
I say its time for the Democrats to come up with a plan they truly believe in and pass it. Who is going to stop them? They have majorities in both houses, and the administration apparently has no friends left in Washington. This means they will probably be happy with anything they can get at this point.
If the Dems come up with a good plan that ends up working, I really think progressives have an opportunity to put the final nail in the coffin of the philosophy that got us into this mess in the first place.
1 comment:
The bailout bill is so politically toxic. A lot of constituents just flat out don't want it, and given how close everyone is to the election, that's getting reflected directly in the House votes. A lot has been made about conservative Republicans sinking the bill, but 95 Democrats (40% of the delegation) voted against it, too.
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